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Analysis: With AMC shares sky-high, 'gamma squeeze' less of a driving force


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Moviegoers check in at AMC movie theater amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., March 5, 2021. REUTERS/Jeenah Moon
The meteoric rise in shares of AMC Entertainment Holdings Inc (AMC.N) may have diminished an important options market force that helped fuel its recent gains, analysts said.
Bullish options bets that would profit if AMC’s shares traded in the $40 to $70 range drew a huge influx of buying in recent days, with millions of contracts changing hands as the movie theater chain’s stock price rose by as much as 178% this week. ....

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